#Brent #Dax_Futures Sometimes it feels we are taking some sort of green initiative, essentially recycling our thoughts on Barclays every three weeks. As a result of actually doing something green over the weekend, we’re opting to take a different approach and starting afresh. Perhaps turning a dud Microwave into a Rock Tumbler wasn’t entirely green but it was fun, the almost finished product looking strangely well made!
We’d replaced the kitchen microwave a month ago and, being stubborn about taking the old one to the dump, was getting fed up tripping over it in the shed. Due to radiation risks, the idea of repairing the old machine was never an issue. It had started turning off with a dramatic thud and with Xmas approaching, was immediately retired. But the machine looked as clean and shiny as the day we’d bought it and guilty of messing around with electrics and electronics, I was confident it must contain some good bits.
A grand-daughter, when she visits, is worse than a puppy when it comes to collecting stones from the sea shore, often spending hours decorating them on the dining room table. After tripping over the microwave yet again on Saturday, inspiration struck. The machine obviously has a rotating base which implied the presence of an electric motor with low speed gearing. I’ve always wanted to build a Rock Tumbler for the girls, the idea being they visit, they collect rocks, we toss them in the tumbler with some sand, and when they return in two weeks, they’ve got highly polished stones and sea glass.
By Sunday afternoon, the microwave had literally none of its contents left, instead the case containing just the motor which was now employed full time turning a horizontal plastic container, suspended on some rollers. It still looked like a microwave but the noise of rocks tumbling around in abrasive sand was suitably silenced. For some reason, a crucial detail hadn’t been addressed in the bout of creative genius. It transpires a rock tumbler turns at between 40 and 60 times per minute. My microwave version turns 8 times per minute… “Going to need a bigger motor!”
With Barclays, opting to delete all previous lines and targets in an effort to stop recycling our thoughts has already encouraged a change of thinking, albeit one which should surprise no-one.. Since 2016 the share price has been bouncing above and below a pivot level of just 191p. Even with the pandemic, this horizontal trend managed to remain relevant with a remarkable degree of arithmetic precision. From our perspective, this is quite useful as it carries an almost certain implication of the share price requiring exceed 220p to signal it’s moving away from the trend. In such a scenario, we are now looking for growth to an initial 234p with our longer term secondary, if the initial is exceeded, calculating at 288p, along with the visual promise of some hesitation.
To justify concern, the share price currently needs close a session below 184p as this risks tossing it into a zone where reversal to an initial 160p with secondary, if broken, a hopeful bottom at 132p works out as possible.
We’re inclined toward optimism here but similar to the repurposed microwave, it’s going to need a lot of patience.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:10:06PM | BRENT | 92.26 | 89.03 | 87.85 | 86.22 | 91.4 | 92.74 | 93.38 | 94.83 | 91.25 | Success |
| 9:11:56PM | GOLD | 1897.17 | |||||||||
| 9:55:21PM | FTSE | 7508.21 | Shambles | ||||||||
| 9:58:08PM | FRANCE | 6945 | |||||||||
| 10:04:00PM | GERMANY | 15040.75 | 14978 | 14914 | 14705 | 15137 | 15155 | 15170 | 15234 | 15061 | ‘cess |
| 10:06:19PM | US500 | 4375.12 | ‘cess | ||||||||
| 10:22:25PM | DOW | 34283 | ‘cess | ||||||||
| 10:25:02PM | NASDAQ | 14114.77 | ‘cess | ||||||||
| 10:28:03PM | JAPAN | 26857 | Shambles |
18/02/2022 FTSE Closed at 7513 points. Change of -0.32%. Total value traded through LSE was: £ 6,423,213,414 a change of 12%
17/02/2022 FTSE Closed at 7537 points. Change of -0.87%. Total value traded through LSE was: £ 5,734,831,803 a change of -14.78%
16/02/2022 FTSE Closed at 7603 points. Change of -0.07%. Total value traded through LSE was: £ 6,729,531,357 a change of 15.27%
15/02/2022 FTSE Closed at 7608 points. Change of 1.02%. Total value traded through LSE was: £ 5,838,071,822 a change of -10.14%
14/02/2022 FTSE Closed at 7531 points. Change of -1.7%. Total value traded through LSE was: £ 6,497,209,256 a change of -4.96%
11/02/2022 FTSE Closed at 7661 points. Change of -0.14%. Total value traded through LSE was: £ 6,836,505,104 a change of 3.17%
10/02/2022 FTSE Closed at 7672 points. Change of 0.38%. Total value traded through LSE was: £ 6,626,677,333 a change of -0.02%
SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.
Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION
Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.
UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.
We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…
Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares
Click Epic to jump to share: LSE:ASC Asos** **LSE:DARK Darktrace Plc** **LSE:HL. Hargreaves Lansdown** **LSE:HUR Hurrican Energy** **LSE:IGAS Igas Energy** **LSE:MKS Marks and Spencer** **LSE:RMG Royal Mail** **LSE:SDY Speedyhire** **LSE:SPX Spirax** **LSE:STAN Standard Chartered** **
********
Updated charts published on : Asos, Darktrace Plc, Hargreaves Lansdown, Hurrican Energy, Igas Energy, Marks and Spencer, Royal Mail, Speedyhire, Spirax, Standard Chartered,
LSE:ASC Asos Close Mid-Price: 1959.5 Percentage Change: -2.17% Day High: 2011 Day Low: 1944
Continued weakness against ASC taking the price below 1944 calculates as ……..
</p
View Previous Asos & Big Picture ***
LSE:DARK Darktrace Plc. Close Mid-Price: 324 Percentage Change: + 1.31% Day High: 332.2 Day Low: 306.8
Continued weakness against DARK taking the price below 306.8 calculates a ……..
</p
View Previous Darktrace Plc & Big Picture ***
LSE:HL. Hargreaves Lansdown Close Mid-Price: 1277.5 Percentage Change: -0.82% Day High: 1300 Day Low: 1276
Weakness on Hargreaves Lansdown below 1276 will invariably lead to 1194 a ……..
</p
View Previous Hargreaves Lansdown & Big Picture ***
LSE:HUR Hurrican Energy Close Mid-Price: 7.1 Percentage Change: -6.58% Day High: 8.98 Day Low: 6.75
Further movement against Hurrican Energy ABOVE 8.98 should improve accele ……..
</p
View Previous Hurrican Energy & Big Picture ***
LSE:IGAS Igas Energy Close Mid-Price: 17.75 Percentage Change: -5.08% Day High: 18.95 Day Low: 17.9
In the event of Igas Energy enjoying further trades beyond 18.95, the sha ……..
</p
View Previous Igas Energy & Big Picture ***
LSE:MKS Marks and Spencer Close Mid-Price: 184.6 Percentage Change: -0.75% Day High: 188.65 Day Low: 183.9
Continued weakness against MKS taking the price below 183.9 calculates as ……..
</p
View Previous Marks and Spencer & Big Picture ***
LSE:RMG Royal Mail Close Mid-Price: 419.1 Percentage Change: -0.62% Day High: 425.2 Day Low: 419.7
In the event Royal Mail experiences weakness below 419.7 it calculates wi ……..
</p
View Previous Royal Mail & Big Picture ***
LSE:SDY Speedyhire Close Mid-Price: 55.3 Percentage Change: -1.07% Day High: 56.1 Day Low: 54.9
If Speedyhire experiences continued weakness below 54.9, it will invariab ……..
</p
View Previous Speedyhire & Big Picture ***
LSE:SPX Spirax Close Mid-Price: 11690 Percentage Change: -1.60% Day High: 11870 Day Low: 11660
In the event Spirax experiences weakness below 11660 it calculates with a ……..
</p
View Previous Spirax & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 579.2 Percentage Change: + 3.80% Day High: 581.8 Day Low: 553.6
Continued trades against STAN with a mid-price ABOVE 581.8 should improve ……..
</p
View Previous Standard Chartered & Big Picture ***